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Cyber breach costs to skyrocket with new European data regulation: Study

25th April 2017

Severe cyber breaches cost PLCs 1.8% of company value or £120 million, according to a new CGI study, and these figures are set to skyrocket in the future as General Data Protection Regulation in Europe requiring firms to reveal cyber breaches is rolled out - a move which could see European ... Read the full article

Cyber risk as a standalone market will increase re/insurance industry resilience: JLT

24th April 2017

Cyber risk insurance and reinsurance continues to develop in what's now a crucial time for the marketplace and buyers of cyber protection. And while there's ample available, and essential reinsurance capacity to address and support the issue, JLT Re believes considering cyber as a standalone line of business could create a ... Read the full article

RMS releases cyber-physical risk model for property exposures

6th April 2017

Leading risk modeller RMS today announced the introduction of a new range of ‘cyber-physical’ models to help property re/insurers manage and understand the growing risk of cyber attack scenarios that could lead to physical damage to property. The model’s focus is on attacks against I.T. (information technology systems) that are intended ... Read the full article

Pool Re cyber risk coverage to incentivise cyber-resilience

17th March 2017

Pool Re, the UK government and industry backed terrorism reinsurance scheme, is ploughing ahead with its plans to add property coverage for terror-related cyber events to its offering. According to its Chief Executive Officer (CEO), Julian Enoizi who spoke with Reuters last week, the coverage arrangements will include incentives to ... Read the full article

Pool Re hopeful to include terror-related cyber for property cover: CEO, Enoizi

10th March 2017

Pool Re, the UK government and industry backed terrorism reinsurance scheme, is planning to extend its coverage to include cyber attacks on property, says the entities Chief Executive Officer (CEO), Julian Enoizi. Speaking to Reuters, Enoizi said "Insurance is there for the unimaginable - we're here to insure the unforeseen," and revealed that ... Read the full article

Driverless cars may increase cyber reinsurance demand: Fitch

9th March 2017

The adoption of driverless or autonomous cars and other vehicles will completely transform the motor insurance sector, according to a report from Fitch Ratings. The impact on reinsurance markets is as yet unclear, although many believe that a general shrinking of the motor insurance risk pool will occur, as accidents become ... Read the full article

Swiss Re highlights role of re/insurance in cyber risk

6th March 2017

Swiss Re has launched its new re/insurance think tank, the Swiss Re Institute, with the release of a report that investigates the growing sphere of cyber risk, examining constraints in risk assessment as well as potential new models for risk analytics and coverage. Opportunities for reinsurance are expanding in the fast-developing ... Read the full article

Report highlights potential shortcomings of organisations’ cyber controls

1st March 2017

A new report claims that insurance and reinsurance protection alone is insufficient to manage the growing threat of cyber attacks, citing that cyber controls utilised by organisations to mitigate data breaches, and similar, might not be up to the task. The analysis and report on the capabilities of cyber controls comes ... Read the full article

Arthur J. Gallagher targets cyber coverage gaps for manufacturers

9th February 2017

With a newly launched cyber insurance product broker Arthur J. Gallagher is targeting some of the gaps in existing cyber coverages, a step that could help to open up some of the untapped cyber exposure to the market which could generate significant reinsurance demand. Backed by A rated Lloyd's of London ... Read the full article

QBE signs deal to licence RMS Cyber Accumulation Management System

3rd January 2017

QBE Insurance Group has agreed a multi-year deal to licence the RMS Cyber Accumulation Management System, with catastrophe risk management firm RMS. The risk modeller explains that the agreement will allow the insurer's cyber business to model a variety of cyber catastrophe events. The growing threat of cyber attacks across the ... Read the full article

Reinsurance pools, retro underpin terrorism risk resilience in a complex threat landscape: Guy Carpenter’s Gallagher

20th March 2026

Tony Gallagher, Regional CEO for Asia Pacific at Guy Carpenter, the global reinsurance broking business and part of Marsh, has set out a detailed case for the central role of reinsurance, retrocession and terrorism pools in supporting market capacity amid a rapidly shifting threat landscape. Speaking at the global forum for ... Read the full article

Escalating Middle East conflict may trigger risk repricing in reinsurance: AM Best

16th March 2026

A new AM Best report has warned that if the ongoing Middle East conflict continues or escalates, reinsurers may need to reassess their risk exposure, with renewals becoming a critical inflection point for the sector in regional markets. According to the rating agency, this could lead to higher pricing on commercial risks, ... Read the full article

Beazley posts profits of $1bn+ for third year running in 2025

4th March 2026

Specialist insurer Beazley has posted a profit before tax of $1.15bn for the full year 2025, delivering an undiscounted combined ratio of 81% despite heightened global volatility and a softening rating environment. Although earnings were slightly lower than in 2024, the group said the year underscored the accelerating shift in ... Read the full article

Geopolitical volatility keeps war and SRCC risks in sharp focus: Howden

12th January 2026

As the reinsurance market enters January 2026, it faces a landscape still shaped by geopolitical volatility and ongoing structural shifts. Following a year that reinforced political risk as a persistent factor, exposures linked to political violence, strikes, riots, civil commotion (SRCC), and broader war-related events remain central to market considerations, ... Read the full article

Hiscox report reveals widespread underinsurance among SMEs

10th November 2025

Specialist insurer Hiscox has published its first Global Protection Gap Report, highlighting the persistent issue of underinsurance among small and medium-sized enterprises (SMEs). According to Hiscox, nearly three-quarters of small businesses worldwide are unnecessarily exposed to risk due to insufficient insurance coverage. SMEs account for around 50% of global economic activity, making ... Read the full article